Global Off-Road Equipment Technology Market Report 2022-2026: Demand for Smart Off-Road Technology to Climb Six Times Faster than Total Equipment Sale – ACROFAN USA

DUBLIN–(BUSINESS WIRE)–The “Global Off-Road Equipment Technology 2022-2026” report has been added to ResearchAndMarkets. com’s offering.

Global demand for off-road equipment is forecast to rise 5. 5% between 2021 and 2022 to $481 billion, slightly above 2019 levels. Overall growth will be bolstered by investment in new and replacement machinery featuring state-of-the-art technologies, many of which are designed to improve efficiency and productivity.

These include:

  • Autonomous and semi-autonomous equipment, such as robots
  • Fuel efficient and low- or zero-emission equipment
  • Units with advanced ergonomics that provide improved operator comfort and safety
  • Drones, global positioning, predictive maintenance, and other solutions made possible by developments in the Industrial Internet of Things (IIoT)

Demand with regard to Smart Off-Road Technology in order to Climb Six Times Quicker than Total Equipment Sales

Smart off-road equipment sales are usually projected to grow 35% in 2022 and then more than double simply by 2026, when they will account for nearly 5% associated with all off-road equipment need. Construction is currently the largest market for smart equipment, although demand will expand most quickly within the mining sector (which is expected to become the leading market for smart off-road equipment technology by 2026) as operators increasingly use advanced technologies – such as autonomous equipment plus digital mine management options – to lower costs and boost output.

Rising Labor Costs & Tightening Emissions Standards Drive Purchase of Advanced Equipment

High production costs plus labor shortages mean that will advanced off-road equipment is typically most cost-effective in high-income countries such as Australia, Canada, Germany, and the US. Use of advanced technology will remain limited in lower- and mid-income nations, where profits are less influenced by labor costs and emissions standards are generally less stringent. The mining industry is a notable exception, since many of the world’s largest mines – which are operated by multinational companies that can afford advanced, high-end machinery – are located in lower-income countries.

China Has an Outsized Impact on Global Demand regarding Off-Road Equipment

China is by far the largest consumer of off-road equipment, accounting intended for 31% of demand within 2021. The country will be forecast to represent 26% of global absolute gains in 2022. However, opportunities will differ between the particular major markets:

  • Mining and agriculture will see solid growth as these markets continue to recover from the pandemic-related declines in 2020.
  • Construction will advance more slowly from a high base, as the market for this equipment posted significant gains in 2020, when a combination associated with strong government spending and China’s ability to mitigate negative economic effects from the pandemic’s initial phase spurred investment in new plus replacement construction equipment.

As a result of these trends, the global construction machinery market is expected to decelerate in 2022, while the mining machinery and agricultural equipment markets will continue to grow at a rate similar to 2021.

Key Topics Covered:

1. Executive Summary

2. Impact of COVID-19 Pandemic

  • COVID-19 General Trends
  • Impact on the particular Economy
  • Effect on the Construction Industry
  • Impact on the Off-Road Equipment Business

3. Regional Outlook

  • Off Road Equipment Market Size & Outlook by Region
  • Growth Comparison by Country
  • Demand by Equipment Type
  • Country Spotlight: United States
  • Country Spotlight: Sydney
  • Country Spotlight: India

4. Global Technology Styles

  • Product Development & Technology Focus
  • Industrial Internet of Things (IIoT)
  • Smart Technologies Trends
  • Wise Technology Definition & Scope
  • Global Intelligent Equipment Outlook
  • Autonomous Equipment
  • Predictive Maintenance
  • Global Positioning
  • Drones
  • Sophisticated Software & Data Collection Technologies
  • Engine Technologies
  • Hybrid Engines
  • All-Electric Engines
  • Superior Ergonomics, User Friendliness & Operability

5. Construction Machinery

  • Scope & Product Description
  • Demand simply by Area
  • Technology Focus 2022
  • Key Innovation Trends
  • Smart Technology Outlook
  • Electric & Hybrid Engines
  • Autonomous & Semi-Autonomous Machines
  • Construction Drones
  • Improved Handling & Ergonomics

6. Agricultural Equipment

  • Scope & Product Explanation
  • Demand by Region
  • Technology Focus 2022
  • Key Innovation Developments
  • Smart Technologies Perspective
  • Autonomous Tractors & Other Equipment
  • Farming Robots
  • Agricultural Drones
  • Precision Agriculture
  • Specialty Devices
  • Data Systems

7. Mining Equipment

  • Range & Product Description
  • Demand by Region
  • Technology Focus 2022
  • Key Innovation Trends
  • Smart Technology Outlook
  • Autonomous & Semi-Autonomous Mining Machinery
  • Electric & Hybrid Mining Machinery
  • Digital Mine Management
  • High Performance Equipment
  • Mining Drones

8. Forestry Gear

  • Scope & Item Description
  • Need by Region
  • Technology Focus 2022
  • Key Innovation Tendencies
  • Smart Technology View
  • Fuel Efficiency & Lower Emissions
  • Improved Dealing with & Operator Comfort
  • Advanced Software & Remote Monitoring
  • Winch-Assist Technologies
  • Forestry Drones

9. Manufacturer Limelight

  • Leading Global Suppliers
  • AGCO
  • Caterpillar
  • CNH Industrial
  • Deere
  • Hitachi
  • Komatsu
  • Liebherr-International
  • Sandvik
  • Tigercat

For more information about this report visit https://www.researchandmarkets.com/r/mgbnt

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